Talbot Financial LLC Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Talbot Financial LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,708 shares of the conglomerate’s stock after acquiring an additional 1,669 shares during the period. Honeywell International accounts for about 1.6% of Talbot Financial LLC’s investment portfolio, making the stock its 23rd largest position. Talbot Financial LLC’s holdings in Honeywell International were worth $11,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of HON. Industrial Alliance Investment Management Inc. grew its position in shares of Honeywell International by 1,205.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after buying an additional 3,135 shares in the last quarter. Jag Capital Management LLC grew its position in shares of Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after buying an additional 469 shares in the last quarter. Torray Investment Partners LLC grew its position in shares of Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after buying an additional 190 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its position in shares of Honeywell International by 11.1% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after buying an additional 169 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH grew its position in shares of Honeywell International by 0.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on HON. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $2.59 during midday trading on Monday, reaching $210.95. 2,147,267 shares of the company traded hands, compared to its average volume of 2,939,505. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36. The stock has a 50-day moving average price of $203.84 and a 200 day moving average price of $201.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market cap of $137.37 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.23 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.07 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.05%. Honeywell International’s dividend payout ratio is currently 50.06%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.